An Internal Auditor plays a crucial role in assessing and improving the effectiveness of risk management, control, and governance processes within an organization. In the context of the Punjab Government, internal auditors are tasked with ensuring that financial operations adhere to established policies, legal frameworks, and accounting standards. Their work goes beyond mere compliance; it also involves fostering a culture of continuous improvement.
About Accounting & Finance Department:
The Accounts and Finance Department of the Punjab Government in Pakistan plays a pivotal role in the management and oversight of public funds, ensuring transparency, accountability, and efficiency in financial operations. This department is responsible for the formulation and implementation of fiscal policies that align with the government’s strategic objectives.
By employing advanced financial management practices and upholding stringent internal auditor standards, the department aims to foster economic stability and promote sustainable development within the province. Furthermore, through its commitment to enhancing financial literacy and providing training to its staff, the Accounts and Finance Department significantly contributes to the overall governance and operational efficiency of the Punjab Government, ultimately benefiting the citizens through improved public services and infrastructure development.
Internal Auditor Job Duties:
- Based on best practices and evaluation of accounting controls, procedures, and policies, provide a detailed review of systems including an analysis of controls and procedures and provide an overview of systematic risks arising due to systems.
- Conduct a program-level internal audit to include executing and implementing agencies of the Project.
- Provide solutions with respect to any control gaps found between practices at the PIU / Implementing Agencies (IAs) on the basis of best practices.
- Ensure clear understanding of GoPb’s accounting policies and procedures and audit requirements when proposing solutions or improvements to Project’s systems and/or selected implementing agencies.
- Propose and implement adequate monitoring best practices at EA, PIU/IAs to ensure complete compliance with GoPb’s policy, standards and requirements.
- Provide an opinion on financial information provided to management and assess any risks arising from the operations of the system; provide solutions in cases where the reliability, relevance or timeliness of information provided to management is at risk.
- Provide sources and procedures for maximizing information flows to upper management, including establishment of processes to provide relevant information streams at the end of each pre-defined period.
- Assess procedures regarding fixed assets.
- Evaluate and review internal controls with a focus on identifying gaps that might result in any sort of irregularities or malpractices and provide solutions and/or mitigating measures to address such gaps.
- Develop, in consultation with senior management, a strategic Internal Audit Plan based on assessment of key risk factors facing EA/PIU/IAs during implementation,
- Prepare operations, specifications and requirements for future audits and schedule of audits to be conducted at these organizations.
- Prepare audit reports in line with the approved audit plan.
- Deal with the external auditors and facilitate their tasks. Follow up with the provincial and/or federal audit authorities for settlement of audit observations.
- Perform any other tasks / assignment that may be assigned by GoPb or ADB etc.
Internal Auditor Job Details:
| Title | Details |
|---|---|
| Posted On | 17 Oct 2024 |
| Job Type | Contract |
| Sector | Govt. |
| Degree Level | Masters/Bachelors (Hons) 16 Years of Education |
| Degree Area | Accounting, Chartered Accountancy, Accountancy |
| Required Skills | Accuracy, Adaptability, Adjusting, Advanced Bookkeeping, Advising |
| Required Tool | MS Office |
| Last Date | 28 Oct 2024 |
Internal Auditor Job Requirements:
- Qualification: MBA / ACMA / ACCA / CIA or Certification in Risk Management Assurance or equivalent.
- Experience: Preferably 12 Years’ experience in Audit.
- Well conversant with accounting / auditing procedure of ADB
- GoPb and Audit General of Pakistan (AGP) with Experience in foreign funded project and International Organization will be preferred.
- Degree and Qualification must be recognized by HEC, Pakistan
How to Apply?
If you think you are the right candidate for this position and fulfill all the required criteria can apply through the link given below.
